Power Company to Fund Projects With Salaf Bonds

The Thermal Power Plant Holding Company plans to sell salaf contracts worth 22.7 trillion rials ($84 million) to finance electricity generation projects, the company’s head of budget and resources department said.  
Electricity-backed Salaf securities are offered on the derivatives market at Iran Energy Exchange (IRENEX), according to Ali Saberi, IRNA reported. 
IRENEX is a commodity exchange where physical energy carriers (oil, gas, electricity) and commodity-based bonds are offered.